Innovation in Compliance with Tom Fox

As the web gets more and more complicated, how can we keep up? Keith Laska, a board member at Hanzo, joins us today. Hanzo uses artificial intelligence and modern technology to improve compliance effectiveness. With the web being as dynamic as it is, our compliance solutions have to be, too. The story of Hanzo At Hanzo, they use data science to make their customers’ lives easier, covering both pro...

As the fraud risk landscape changes, how do you adapt? Today, we have Vince Walden and Matt Galvin. Vince is a Partner with Ernst & Young’s Forensic and Integrity Services Practice, and Matt is the Global Vice President of Ethics & Compliance at Anheuser-Busch InBev. We’re talking about an article Vince has co-authored in Fraud Magazine entitled: Accelerating Anti-Fraud Innovation, as well as inno...

When doing business in a new country, do you know what the bribery risks are? Robert Clark is the Manager of Legal Research at TRACE International, and he’s here to discuss the TRACE Bribery Risk Matrix, an excellent tool for the compliance practitioner, and deep-dive into it and how you can use it — so you don’t get caught unawares. What is the TRACE Bribery Risk Matrix? It’s a tool for assessing...

Are you using social media to get your message and your practice out there? Gyi Tsakalakis is the co-founder of AttorneySync, an internet marketing agency helping their clients grow their visibility and get in front of their audience. He’s here to share with us his insights around the use of the internet and social media — and why you’re already left behind if you don’t. How do you communicate the...

Innovation can come in many forms: a new product, or a new piece of technology. Today we’re talking about innovation in a process, specifically, mergers and acquisitions. Our guest is Axel Kirstetter, the Vice President for Product Marketing, Content Marketing, and Pricing at Merrill Corporation, here to talk about M&A, and the seven critical M&A transaction mistakes. How does Merrill help compani...

Is the smart contract a key innovation that will change the way we arbitrate agreements? Today on the show we have Jacob Enoch, a partner at M. Firon & Co., to talk to us about smart contracts and the implications for both lawyers and the compliance profession. What is a smart contract? A smart contract is a computer protocol or program intended to facilitate, verify, or enforce the negotiations o...

“Compliance” and “cinematic” aren’t words you often see together — but for our guest this week, Marc Havener, the pairing makes perfect sense. Marc is a filmmaker and the founder and CEO of Resonate Pictures, a company that produces cinematic training films that stick. Why cinematic training films? On today’s episode Marc shares about his innovative use of storytelling and how he uses it to commun...

What is blockchain, how does it work, and how can it apply to you? On the show we have Syed Hussain, the Global Chief Commercial Officer of BANKEX, a blockchain-based fintech company from New York City. They have an extraordinarily innovative tool, Securitization 2.0 Operating Systems for Capital Markets, and today, Syed tells us more about blockchain and how it can revolutionize the market. Block...

Today on the show, we have a guest who isn’t your typical compliance professional. Ronnie Feldman is the President and Creative Director at Learnings and Entertainments… and a comedian! Ronnie and his team help clients communicate more effectively through humor and entertainment, and when it comes to a subject as serious as compliance, Ronnie shares that laughter may be the best teacher. Engaging...

On today’s show, Tom chats with Kristy Grant-Hart, CEO of Spark Compliance Consulting. She and her team have developed a Spark Score Report, a tool to help you discover how your compliance program looks to the outside world. Kristy and Tom discuss the Spark Score report, what it means for your business and the industry, and how you can find out if your presence shows how truly committed your compa...

How can companies comply and keep up with the ever-evolving anti-money-laundering rules and regulations? Today we welcome Jennifer McEntire, the director of Financial Crime Compliance Strategy at LexisNexis Risk Solutions, where they combine big data and use advanced technology and analytics to help customers comply with regulations, evaluate and predict risk, and enhance their operational efficie...

Today’s guests are Jon Feig and Andy Reisman, who both work in the Integrity section of Ernst & Young. They are part of a group that published an article in Fraud Magazine entitled: What's your integrity agenda? Bridge the gap between intentions and behavior, which was an astounding piece in the area of innovation and compliance. What is integrity in an organization? Why do companies need to confr...

We're midway through Tom's five-part series that explores innovation in the compliance function. In today's episode, he considers how design thinking can help Chief Compliance Officers create more robust compliance programs that will become deeply rooted in the company's core. In a recent Harvard Business Review (HBR) article, Jon Kolko discussed how design thinking can bring innovation into a com...

What if you could create a team that would dramatically improve your company's forecasting ability? But to do so, you must expose those professional corporate forecasters' unreliability. Would you do it? Here for Part 2 of the five-part Innovation in Compliance series, Tom shares his insight into "superforecasting" and its role in compliance functions. Forecasting is the predictive capability orga...

What is the intersection of innovation in your compliance program and the requirements of an effective compliance program? Today, Tom Fox continues his 5-part series on the front lines of compliance with Hallmark 10 of the Ten Hallmarks of an Effective Compliance Program. Hallmark 10 states that: “A good compliance program should constantly evolve. A company’s business changes over time, as do the...

This week, Tom begins a five-part series on innovation in the compliance function. Seeing as the compliance space is in constant evolution, now is a good time to talk about some innovations and how companies can implement them in their own compliance programs. Today, Tom shares his insight on agile innovation methods that you can consider for your compliance program. In a Harvard Business Review (...

So far in this 5-part series, we’ve dived deep into the different aspects of ‘front line’ compliance. For the final episode, Tom discusses the process of innovation itself. In an article in the MIT Sloan Management Review, entitled “Finding a Lower-Risk Path to High-Impact Innovations," authors Joseph V. Sinfield and Freddy Solis came up with a different method to view the innovation process. They...

What happens when a compliance program gets lost in translation? Or worse, what if you translate your compliance program but it's still missing important information and details? Carlos Ayres, Founding Partner at Maeda, Ayres & Sarubbi Advogados, works with compliance, investigations, and government enforcement to implement and enhance their compliance programs and anti-corruption measures. Tom an...

We know what a bribe is and what to do to avoid it, but bribery often takes many forms. If that's the case, how can you prepare employees to identify and address risks that aren't presented in black and white? Join Tom Fox and SAI Vice President of Learning, Rebecca Turco, as they discuss compliance training solutions. They talk about some of Rebecca's best practices in compliance and ethics train...

Corporate training programs are a great investment. They’re designed to address specific needs to improve the organization and help minimize compliance issues. But given the number of employees and hours it takes to fulfill these requirements, it’s also a hefty expense. How can companies invest in such programs and keep their stakeholders happy? Join Tom Fox and Shawn Rogers as they talk about cor...

Today’s episode focuses on the measurability of KPIs in organizational justice. Tom is joined by Philip Winterburn, Chief Product Officer at Convercent. Together, they dive deep into fairness, using surveys to test the ethical health of an organization, and the value of benchmarking. Organizational justice is not just about procedures, it goes beyond the law. It’s about how we treat employees thro...

What happens when you acquire or merge with a company with FCPA violations? What are the risks that come from doing so? Eric Feldman, Senior Vice President of Affiliated Monitors, Inc.™,  joins Tom to talk about mergers and acquisitions. They discuss the role that the pre-acquisition and post-acquisition phases play in integrating the target company’s systems and culture into your own company.

Your suppliers aren’t the only risk for your company. When was the last time you investigated your customers? There’s an estimated $800 billion to $2 trillion dollars worth of laundered money circulating in the U.S., and it will only get worse unless better guidelines and fail-safes are in place. Jane Jee joins Tom to discuss the importance of customer due diligence and beneficial ownership regula...

Reporting a compliance infraction might sound easy until you’re the one who needs to make the call. Today, Tom and Keturah Pestel share an insightful conversation on the value of proactive internal reporting. Keturah is the Code of Conduct Program Manager for Thrivent’s Business Ethics Office. She is also participating Converge18 as one of the Breakout Speakers.

Blockchain technology stretches across a wide selection of corporate industries. This ever-evolving digital ledger chronologically and publicly records transactions, and now has anti-corruption compliance professionals asking how blockchain fits into a broader corporate compliance strategy. Tom welcomes two thought leaders from Ernst and Young: Paul Brody and Alexander Perry. The three of them dis...